DELAFIELD, Wis. (Stockpickr) -- As part of your daily routine as an active trader or investor, it's important to track the stocks in the market that are making the biggest percentage gains and the biggest percentage losses.

Stocks that are making large moves to the upside are favorites among short-term traders who want to capture some of that massive volatility. Stocks that are making big-percentage moves are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade.

Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits. If you time your trade correctly, combining with fundamental trends, discipline and sound money management, you will be well on your way to investment success.

With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.

Vivus

  • Thursday's Range: $1.65-$1.71
  • 52-Week Range: $0.94-$3.89
  • Thursday's Volume: 747,000
  • Three-Month Average Volume: 2.94 million

Vivus  (VVUS) , a biopharmaceutical company, develops and commercializes therapies to address unmet needs in obesity, sleep apnea, diabetes, and sexual health in the U.S. and the European Union. This stock is trading up 3.6% to $1.70 in Thursday's trading session.

From a technical perspective, Vivus is spiking higher here right above its 20-day moving average of $1.56 with lighter-than-average volume. This stock has been consolidating and trending sideways over the last few weeks, with shares moving between $1.50 on the downside and $1.78 on the upside. Shares of Vivus have now started to spike higher and move within range of triggering a near-term breakout trade above the upper-end of its recent sideways trending chart pattern. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $1.78 to around $1.90 a share with high volume.


Oasis Petroleum

  • Thursday's Range: $8.89-$9.34
  • 52-Week Range: $8.04-$41.09
  • Thursday's Volume: 6.69 million
  • Three-Month Average Volume: 10.51 million

Oasis Petroleum  (OAS) , an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. This stock is trading up 6% to $9.21 in Thursday's trading session.

From a technical perspective, Oasis Petroleum is ripping sharply higher here with strong upside volume flows. This stock has been attempting to carve out a major bottoming chart pattern over the last two months, with shares finding buying interest at $8.16, $8.04 and $8.25 a share. Following that potential bottom, shares of Oasis Petroleum have started to spike higher above those support levels and it's now quickly moving within range of triggering a near-term breakout trade. That breakout will trigger if this stock manages to clear some key near-term overhead resistance levels at its 20-day moving average of $9.64 and its 50-day moving average of $9.78 and then above more resistance right above $10 a share with high volume.

Traders should now look for long-biased trades in Oasis Petroleum as long as it's trending above those recent major bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 10.51 million shares. If that breakout kicks off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $11.05 to $11.22, or even $11.72 to $12 a share.

Traders should now look for long-biased trades in Vivus as long as it's trending above its 20-day moving average of $1.56 or above more near-term support at $1.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.94 million shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $2.10 to its 200-day moving average of $2.30 a share.

Veracyte

  • Thursday's Range: $4.69-$5.12
  • 52-Week Range: $4.59-$12.47
  • Thursday's Volume: 86,000
  • Three-Month Average Volume: 71,473
Veracyte  ( VCYT)  operates as a molecular diagnostics company in the U.S. This stock is trading up 7.4% to $5.04 in Thursday's trading session.

From a technical perspective, Veracyte is spiking sharply higher here right above its new 52-week low of $4.59 with above-average volume. This stock has been downtrending badly over the last three months, with shares plunging off its high of $12.47 to its new 52-week low of $4.59 a share. During that downtrend, shares of Veracyte have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to spike off that $4.59 low and off extremely oversold territory, since its current relative strength index reading is 19.8. That spike is now starting to push this stock within range of triggering a near-term breakout trade. That breakout will trigger if this stock manages to take out some key near-term overhead resistance at Thursday's intraday high of $5.23 and then above $5.50 with high volume.

Traders should now look for long-biased trades in Veracyte as long as it's trending above its new 52-week low of $4.59 and then once it sustains a move or close above those breakout levels with volume that hits near or above 71,473 shares. If that breakout materializes soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $7 to its 20-day moving average of $7.79 a share.

Disclosure: This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

More from Opinion

Throwback Thursday: Have No Fear, Cramer's Here to Stave Off the Hungry Bears

Throwback Thursday: Have No Fear, Cramer's Here to Stave Off the Hungry Bears

Cisco Jumps After Beating Estimates: 5 Key Takeaways

Cisco Jumps After Beating Estimates: 5 Key Takeaways

Wednesday Wrap-Up: The Bear Bites Into Apple

Wednesday Wrap-Up: The Bear Bites Into Apple

Tencent's Earnings Are Reminder That There's More to Its Story Than Just Games

Tencent's Earnings Are Reminder That There's More to Its Story Than Just Games

Apple Supplier Lumentum's Warning May Not Be as Bad for Apple as Feared

Apple Supplier Lumentum's Warning May Not Be as Bad for Apple as Feared